Timini Inc., a beverage company, wants to produce a new health drink. It borrows money from Maverk Bank to finance the procedure. The bank mandates Timini Inc. to return the amount with interest in a regular schedule of fixed payments. Which of the following sources of long-term funds is being used by Timini Inc. in the given scenario?
A. Commercial paper
B. A term loan
C. A line of credit
D. Trade credit
Answer: B
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Why have private sector union memberships declined?
What will be an ideal response?